Archer Michael R 4

What Happened

• Michael R. Archer, Executive Vice President of Camden National Corp (CAC), had a total of 337 shares withheld by the company to satisfy tax withholding obligations on restricted shares that vested. The withholding occurred in two dispositions: 184 shares at $47.97 ($8,826) on 2026-04-29 and 153 shares at $48.17 ($7,370) on 2026-04-30, for a combined value of approximately $16,196. This is a tax-withholding disposition (routine), not an open-market sale or a purchase.

Key Details

• Transaction dates/prices: 4/29/2026 — 184 shares @ $47.97; 4/30/2026 — 153 shares @ $48.17.
• Total shares withheld: 337; total value ≈ $16,196.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1/F2 confirm the shares were withheld to satisfy minimum tax withholding on restricted shares that vested on 4/29 and 4/30. F3 notes 87.367 shares were acquired since the last filing via the dividend reinvestment program. F4 indicates 8,579 restricted stock units/restricted shares remain subject to vesting and forfeiture.
• Filing timeliness: Form 4 was filed 2026-05-01 (timely within the standard reporting window).

Context

• These transactions reflect company withholding to cover taxes on vested restricted stock (a common administrative action), effectively a cashless disposition of a portion of the award to cover tax liability. Such withholding is routine and does not by itself indicate insider sentiment about the company.